2022 Q1 Form 10-Q Financial Statement

#000121390022027104 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $13.66K
YoY Change
Cost Of Revenue $12.94K
YoY Change
Gross Profit $720.00
YoY Change
Gross Profit Margin 5.27%
Selling, General & Admin $2.405M $549.6K
YoY Change 337.63%
% of Gross Profit 334063.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.010K $0.00
YoY Change
% of Gross Profit 695.83%
Operating Expenses $2.405M $549.6K
YoY Change 337.63%
Operating Profit -$2.405M -$549.6K
YoY Change 337.5%
Interest Expense $785.3K
YoY Change
% of Operating Profit
Other Income/Expense, Net $45.00K
YoY Change
Pretax Income -$1.574M -$549.6K
YoY Change 186.43%
Income Tax
% Of Pretax Income
Net Earnings -$1.574M -$549.6K
YoY Change 186.43%
Net Earnings / Revenue -11524.45%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$68.42K -$42.09K
COMMON SHARES
Basic Shares Outstanding 23.01M shares
Diluted Shares Outstanding 23.01M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.32M $1.071M
YoY Change 4599.71%
Cash & Equivalents $50.32M $1.071M
Short-Term Investments
Other Short-Term Assets $628.7K $69.39K
YoY Change 806.1%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $50.95M $1.140M
YoY Change 4368.78%
LONG-TERM ASSETS
Property, Plant & Equipment $128.6K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $128.6K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $50.95M $1.140M
Total Long-Term Assets $128.6K $0.00
Total Assets $51.08M $1.140M
YoY Change 4380.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.7K $239.5K
YoY Change 81.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $433.7K $239.5K
YoY Change 81.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $667.5K
YoY Change
Total Long-Term Liabilities $667.5K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $433.7K $239.5K
Total Long-Term Liabilities $667.5K $0.00
Total Liabilities $1.101M $239.5K
YoY Change 359.88%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.98M $900.7K
YoY Change
Total Liabilities & Shareholders Equity $51.08M $1.140M
YoY Change 4380.07%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.574M -$549.6K
YoY Change 186.43%
Depreciation, Depletion And Amortization $5.010K $0.00
YoY Change
Cash From Operating Activities -$2.527M -$381.9K
YoY Change 561.9%
INVESTING ACTIVITIES
Capital Expenditures -$113.9K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$113.9K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.209M
YoY Change
NET CHANGE
Cash From Operating Activities -2.527M -381.9K
Cash From Investing Activities -113.9K
Cash From Financing Activities 1.209M
Net Change In Cash $0.00 $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$2.527M -$381.9K
Capital Expenditures -$113.9K
Free Cash Flow -$2.414M -$381.9K
YoY Change 532.08%

Facts In Submission

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CY2021Q1 us-gaap Depreciation
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